Contact:

Suzy Tuck
Vice President of Sales
PaperClip Incorporated.
Suzy Tuck
800-929-3503 x110

Brian Farrell
AssureNet, Ltd.
301/961-3057
bfarrell@assurenet.com

Jacqui Showers
Press Liaison
RMR & Associates
301/217-0009 ext. 13
jshowers@rmr.com

AssureNet Partners with PaperClip Incorporated To Further Automate Financial Services Industry

Provides Integrated Document Management Solutions

BETHESDA, Maryland-September 20, 2000-AssureNet, Ltd., a leading vertical application service provider (ASP) for the financial services industry, strategically partners with PaperClip Incorporated., a premier electronic document management company. This strategic alliance provides hosted integrated document management solutions by combining AssureNet's software enabling, hosting and management capabilities with PaperClip's family of software, which includes PaperClip32 and PaperClip Internet Express (IE).

PaperClip's, flagship product, PaperClip32, provides easy centralized access to various sources of information while PaperClipIE is a unique business-to-business (B2B) service that provides trading partners, branch offices and field offices the ability to exchange electronic documents. AssureNet will host PaperClip Incorporated on its AssureHost TM system, reducing customers' technology costs and ensuring the highest level of performance and security.

Together, AssureNet and PaperClip, will streamline daily document processes for the financial services industry by reducing paper-based documents as AssureNet further automates and enhances its business processes. With PaperClip's clipping technology, users now can work within the thin client environment and enjoy host application integration without costly, time-consuming programming. Via PaperClip DECS, users are able to capture documents and scan paper directly from their workstation and populate the AssureNet hosted application. In addition, Iron Mountain Internet Express customers can automatically add and retrieve documents from trading partners, instantaneously.

"This relationship with PaperClip allows us to meet the needs of customers who want access to a vast array of business-critical applications without the cost. We're able to provide our customers with "real time" document management solutions that not only reduces the amount of paper handling and storage, but also decreases the cost involved in managing them." said Don Roth, president of AssureNet. "We're committed to providing secure, reliable and cost-efficient solutions that help our customers perform better."

"We believe our relationship with AssureNet will provide users with the optimum configuration for capture, management and exchange", said Mike Bridges, president of PaperClip Incorporated. "Leveraging the PaperClip Clipping features, users can host their application and PaperClip32 in a single solution providing access anytime from anywhere, that's powerful," added Bridges.

About AssureNet

AssureNet, Ltd. is a premier vertical application service provider (ASP) for the Financial Services Industry. The company's AssureHost TM solution enables e-Business by providing customers with access to critical line-of-business applications over the Internet. AssureNet currently web-enables and hosts over 40 life insurance illustration packages and strategically partners with industry software vendors to provide critical financial software tools via the web. Customers are able to access the most up to date software from anywhere, without bringing the associated costs, complexity and IT challenges of in-house maintenance. AssureNet is headquartered in Bethesda, Maryland. Additional information about AssureNet is available at http://www.assurenet.com.

About PaperClip Incorporated.

PaperClip Incorporated develops and markets software products that organize, manage and communicate documents, images and workflow for a wide range of users. Established in 1991, PaperClip has a customer base that includes small and mid-size organizations as well as Fortune 1000 multi-nationals. PaperClip markets its products through an international network of authorized PaperClip resellers. For further information, please contact PaperClip at (800) 9293503 or (201) 329-6300, or visit www.PaperClip.com. Public Symbol: PCLP.

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PaperClip and PaperClip32 are registered trademarks of PaperClip Incorporated. All other named products mentioned in this release may have been identified by trademarks or registered trademarks of their respective holder.